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    Top 5 Altcoins to Watch Today August 31 – Aave, ORDI, FLOKI, Optimism

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    According to Brian Armstrong, CEO of Coinbase, a leading digital asset trading platform, the convergence of crypto and AI opens up huge possibilities. Meanwhile, major crypto exchange Bitget is preparing to list the native Hamster Kombat token, HMSTR, on its platform. The move aims to expand the reach of the popular crypto project to a global audience.

    Additionally, Ripple Labs, a FinTech company known for its blockchain and cryptocurrency solutions for cross-border payments, emphasized how local banks can turn global payments challenges into growth opportunities for small and medium-sized businesses. Investors have remained positive due to these recent events. For smart investors looking to capitalize on this positive outlook, this list covers the top 5 altcoins to watch today.

    Top 5 Altcoins to Watch Today

    Aave Labs is moving forward with plans to integrate BlackRock’s BUIDL token fund into the GHO Stable Module (GSM). Meanwhile, the Meme Games project is making a major impact on the cryptocurrency landscape by combining the meme coin concept with the excitement of the 2024 Paris Olympics. Additionally, over the past year, ORDI’s price has surged 638%, outperforming 95% of the top 100 crypto assets. In contrast, Ether heads for over 20% loss in AugustBitcoin is witnessing its fourth weekly loss in five weeks.

    1. AAVE

    Aave Labs has taken steps to integrate BlackRock’s token fund, BUIDL, into the GHO Stability Module (GSM). This strategic move aims to enhance the stability and efficiency of Aave’s native stablecoin, GHO. It will leverage traditional financial assets such as cash and US Treasuries.

    In the wake of this news, Aave (AAVE) has recently seen a notable surge, standing out while other cryptocurrencies are facing challenges. The coin remains bullish, maintaining levels well above key support thresholds. This strength is followed by a correction period, suggesting that further gains are possible. At the same time, Aave’s price surge has made it one of the best performers in the cryptocurrency market. This is in particular contrast to the notable declines seen in other digital assets.

    Over the past 24 hours, Aave has shown a strong performance, with its price trending upwards. The bulls have kept the price steady above the $100 level. During the European trading session, AAVE reached $132.27, reflecting an increase of around 8%.

    Aave price appears to be entering a bullish phase. The uptrend suggests that it may soon break the $150 resistance level. If this momentum continues, the price could reach $160, and possibly $200, which would represent a gain of over 98% by the end of September.

    2. Orde (commands)

    Last year, ORDI became the first BRC-20 token to surpass $1 billion in market cap. This achievement has drawn significant attention from DeFi enthusiasts for its innovative role.

    ORDI is trading at $27.79 as of the price, reflecting a 1% increase on the day. The cryptocurrency has a market cap of $544 million and a trading volume of $92 million, which is down 26.69%.

    Over the past year, ORDI’s price has risen 638%, outperforming 95% of the top 100 crypto assets. Moreover, it is trading 105.30% above its 200-day simple moving average, which is $13.55.

    ORDI Pricing Chart

    Despite its first mover advantage in the Ordinals protocol and its price correlation with Bitcoin, ORDI is trading at its lowest point this year. The total cryptocurrency market cap briefly dipped below $2 trillion. This drop in ORDI’s value may be attributed to general market sentiment.

    However, with the ORDI index trading at its yearly lows, it is poised for a potential reversal. According to experts’ predictions, it will recover in the coming months. This analysis suggests that the ORDI index could gain value in the coming years, reflecting broader market trends and its unique position within the Ordinals protocol.

    3. Meme Games (MGMES)

    Meme Games The project is making a notable impact on the cryptocurrency scene by blending the meme coin concept with the anticipation of the 2024 Paris Olympics. Despite the Mondial event being over, the MGMES project is still attracting interest due to its Olympic-themed idea.

    MG MIS

    The Meme Games presale reflects the current enthusiasm surrounding the project, having raised over $400K towards a target of $1,132,214. This early momentum indicates potential growth for MGMES tokens. The current price of $0.0094 is set to rise in 5 days, providing an opportunity for investors to buy in. Participation in the presale can be accessed through the project’s website, using an Ethereum or BNB Chain wallet. The total supply of tokens is 2.024 billion, with 38% allocated to the presale, providing a significant portion for early investors.

    A hallmark of The Meme Games is its focus on fairness and unpredictability. Each character in the game has an equal chance of winning, which adds to the excitement for participants. Additionally, investors receive a 25% bonus on their MGMES tokens if their chosen meme athlete wins. They can boost their chances by purchasing tokens multiple times and supporting different characters.

    The project also includes a staking option, promising an annual return of 475%, although this rate may vary based on participation. Staking provides a way to grow holdings before MG MIS The token will be listed on exchanges on September 10. With the presale ending on September 8, coinciding with the closing ceremony of the Paralympic Games, this period provides an opportunity to invest before the token’s value soars upon listing.

    Visit The Meme Games Presale

    4. Floki (Floki)

    Floki (FLOKI) price dropped more than 11% on Thursday, falling from around $0.00016 to below $0.00014. However, this drop does not necessarily spell disaster for FLOKI. An analysis of the chart suggests that another rally is possible.

    FLOKI price chart

    Recently, FLOKI managed to break out of a downtrend that has been ongoing since July. A favorable double bottom was formed earlier in August, indicating a potential bullish reversal. Although FLOKI missed its 50-day moving average on Thursday, reclaiming this level is crucial for the Ethereum-based meme coin to revisit its July highs.

    While FLOKI is unlikely to achieve a 30-40x increase, its expanding GameFi and DeFi ecosystem supports its potential as a market leader. The Floki Inu price is currently 370.27% above its 200-day simple moving average of $0.00002696, and it has relatively high liquidity relative to its market cap. According to the current forecast, the Floki Inu price is expected to rise by 226.22% to reach $0.000418 by September 30, 2024.

    5. Optimism (OP)

    The current price of Optimism (OP) stock is $1.447025, reflecting a 0.94% increase in the past 24 hours. The recent price action indicates a potential uptrend, supported by the rising channel breakout test that is gaining strength. Optimism stock is showing a strong bullish stance as the broader market stabilizes near the end of the week. Therefore, this raises the question: Will OP price reach the $2 mark as the upward momentum continues?

    On the price chart

    OP price has been in a retest phase, with the rise from the falling wedge breakout on the daily chart failing to surpass the 50-day EMA. After a 15% decline for three days, the retest of the broken resistance trendline formed a triple black crow pattern after an evening star pattern. However, over the past four days, there has been a 4% increase, indicating renewed bullish activity. Four consecutive green candles indicate this gradual shift in fundamental sentiment.

    The momentum generated by the channel breakout and the subsequent retest rallies provide potential entry points for investors at lower prices. Moreover, a break above the 50-day EMA would signal a buying opportunity for traders. According to Fibonacci levels, sustaining the uptrend above the broken trend line could target 23.60% and 38.20% at $2 and $2.52 respectively.

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